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    9820 Lake Forest Blvd New Orleans, LA 70127

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    For Lease
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    Retail center with suites available in New Orleans East.

    Type:Retail
    Property size:
    23,485 SF
    Lot size:
    2.51 Acres
    Added:
    Oct 12, 2021
    Days on Market:
    1636
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 9820 Lake Forest Blvd

    General Information

    Standard status
    Active
    Size
    23,485 SF
    Lot size
    2.51 Acres
    Property subtype
    Retail

    Spaces For Lease

    at 9820 Lake Forest Blvd Contact us

    Suite 108 - End-cap, 2nd gen. restaurant $15 /Mo

    Size
    2,200 SF
    Type
    Retail
    Suite 108 offers +/- 2,200 SF of end-cap, 2nd gen. restaurant space with drive-thru...
    show more
    Contact us

    We can help!

    Listing Contact
    Sam Hurley

    Listing agent Sam Hurley License #LA 995707412

    Listing office SVN | Urban Properties

    Listing date Oct 12, 2021

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SVN | Urban Properties

    Overview

    New Orleans East Retail Center

    The property at 9820 Lake Forest Blvd, New Orleans, LA 70127 is a retail center totaling approximately 42,000 square feet, situated in New Orleans East. The property occupies approximately 2.51 acres and features about 406 feet of frontage on Lake Forest Blvd. The parking lot was resurfaced in 2023. Available suites include Suite 105, which offers approximately 23,485 square feet. This suite is currently equipped as a family-fun entertainment park, and the landlord offers the option to utilize the existing games and attractions. Suite 105 can be subdivided to a minimum of roughly 2,400 square feet. Suite 108 provides approximately 2,200 square feet of end-cap, second-generation restaurant space with drive-thru capabilities and a grease trap in place. Current co-tenants include Beauty & More, SouRcE SneaKeR Lab, Uniforms by Logo Express, and Revival Church for the Nations. Ample parking is available.
    Location Intelligence

    Current Use by Public Records

    Optimus Entertainment Arcade & Gaming Center Des Select Few ... Theater & Performing Art Venue SouRcE SneakeR Lab Clothing & Fashion Store Uniforms by Logo ... (Bike/Boat/Book/etc) Store Beauty & More NOLA (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk - Bitcoin ATM — Winn Dixie, 9701 Chef Menteur Hwy, New Orleans, LA 70127
    • Read Plaza Shopping Center — New Orleans, LA 70127

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -89.9785014
    Latitude
    30.0292988

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    FAQs

    What type of property is this?
    Shopping center - Retail center with suites available in New Orleans East.
    Where is this shopping center located?
    The property is located at 9820 Lake Forest Blvd New Orleans, LA.
    What are key features of this property?
    This property features: Large retail center: +/- 42,000 SF on 2.51 acres with ample parking.; Suite 105: Large flexible space (up to 23,485 SF, divisible to 2,400 SF) with optional existing family‑fun entertainment FF&E.; Suite 108: +/- 2,200 SF end‑cap restaurant space with drive‑thru.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Hurley
    Real Estate License ID: LA 995707412
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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